ning
colleges are to be inaugurated; land is to be reclaimed and afforested,
and gradually brought under common ownership; railways and canals are to
be reorganized and nationalized, mines and electric power systems. One
of the significant proposals under this head is that which demands the
retention of the centralization of the purchase of raw materials brought
about by the war.

In order to accomplish these objects there must be a "Revolution in
National Finance." The present method of raising funds is denounced; and
it is pointed out that only one quarter of the colossal expenditure made
necessary by the war has been raised by taxation, and that the three
quarters borrowed at onerous rates is sure to be a burden on the
nation's future. The capital needed, when peace comes, to ensure a happy
and contented democracy must be procured without encroaching on the
minimum standard of life, and without hampering production. Indirect
taxation must therefore be concentrated on those luxuries of which it
is desirable that the consumption be discouraged. The steadily rising
unearned increment of urban and mineral land ought, by appropriate
direct taxation, to be brought into the public exchequer; "the definite
teachings of economic science are no longer to be disregarded." Hence
incomes are to be taxed above the necessary cost of family maintenance,
private fortunes during life and at death; while a special capital levy
must be made to pay off a substantial portion of the national debt.

"The Democratic Control of Industry" contemplates the progressive
elimination of the private capitalist and the setting free of all who
work by hand and brain for the welfare of all.

The Surplus Wealth is to be expended for the Common Good. That which
Carlyle designates as the "inward spiritual," in contrast to the
"outward economical," is also to be provided for. "Society," says the
document, "like the individual, does not live by bread alone, does not
exist only for perpetual wealth production." First of all, there is to
be education according to the highest modern standard; and along with
education, the protection and advancement of the public health, 'mens
sana in corpore sano'. While large sums must be set aside, not only for
original research in every branch of knowledge, but for the promotion
of music, literature, and fine art, upon which "any real development of
civilization fundamentally depends."

In regard to the British Empire,